From: gts (gts_2000@yahoo.com)
Date: Wed Jun 11 2003 - 20:59:54 MDT
Olga Bourlin wrote:
>> Stock prices don't have persistent trends. It's an illusion. Like
>> seeing faces in the clouds.
>
> Yes, but I was only quoting you when you wrote: "When prices
> didn't have much of a trend, you'll say that was neither."
Actually I think you were quoting someone else.
My point is simply that stock trends don't exist, period.
> Notwithstanding the semantics about whether bears or bulls
> are chimeras, if you end up being able to take cold, hard
> cash to the bank ... that's what counts.
I'm glad for you if you've been banking profits from your stock trades, but
taking cash to the bank does not prove a thing.
I bet Funny Cide to show in the Preakness last week. Poor Funny Cide and his
jockey and owner didn't win the Triple Crown, but as a show better I was
very happy that Funny Cide finished third. I won in the Preakness even
though my horse only showed. My win does not however prove that I'm
discovered a way to win at the ponies. (It is, however, a major statistical
project of mine. :-)
-gts
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